550 Ridgeway Ln, La Habra, CA 90631
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550 Ridgeway Ln La Habra, CA 90631

$1,350,000 Sold Price as of 05/22/2023
  • 6 Beds
  • 4.5 Baths
  • 3,013 Sq.Ft.
Sold
$1,350,000 Sold Price as of 05/22/2023 Refinance Your Mortgage

Map preview of 550 Ridgeway Ln, La Habra, CA 90631

Property Overview: 550 Ridgeway Ln La Habra, CA has 6 bedrooms, 4.5 bathrooms, 3,013 living square feet and 11,326 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a well-kept and easy to own and manage triplex property located in the wonderful city of La Habra. This is a great starter investment Property where all three units are currently occupied by great tenants who always pay their rent in time or may be a great Property for an owner to live in one unit and collect rent from the other two units (subject to California AB 1482 no fault just causes reasons). The lot size is an expansive 0.26 acres with plenty of green yard space and trees. This is simply a wonderful place to live and call home. All three homes are 2 beds-2 baths and are all good sizes (totaling approximately 1,000 sq ft each) with separate laundry rooms, central air, forced air heating, and separate water heaters. There are 3 automatic garages and plenty of other onsite parking spaces including Unit C's carport. Two of the three garage opener machines have been recently replaced with new ones in 2023 and the entire HVAC unit for Apt. B was replaced with a brand new unit in 2021. Carpets have been replaced with laminate flooring in some of the units. The property is located in a desirable area of La Habra close to Costco, shopping, restaurants, schools and other amenities. Convenient access to Beach Blvd. and all the amenities that Beach Blvd. provides. All three units are currently occupied on a month to month rental but are subject to California AB 1482. Total monthly rent is $6,777.18. There may be a possibility to build an ADU in the garage spaces (subject to any tenant’s rights under his/her lease) and generate even more rental income to help you pay for your mortgage payments. Buyer to do its own due diligence in regards to the ADU, tenants’ leases and in regards to California AB 1482 and Seller makes no representations or warranties in regards to same. Furthermore, Buyer is responsible for independently verifying the accuracy of all information regarding the Property including but not limited to building and lot size, bedroom/bathroom counts, zoning, building permits/licensing, etc. Seller is a California licensed real estate broker. Property is sold in its "As-Is" condition.

Listed by Kevin Kim | BRE #01845504 | Real Brokerage Technologies
Last checked: 12 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
11,326
HOA Dues
$0/mo
Year built
1962
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
PW23049943
City
La Habra
County
Orange
Time on Site
346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,205
  • Total Rent: $2,205
  • Pro Forma/Market Rent: $2,205
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,521
  • Total Rent: $2,521
  • Pro Forma/Market Rent: $2,521
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,326
  • Net Operating Income: $63,254
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $18,073
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $960
  • Insurance: $1,603
  • Maintenance: $2,700
  • Water/Sewer: $2,822

Property Details for 550 Ridgeway Ln

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Parking Features: Driveway, Garage, Garage - Single Door, Street
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 01804124
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: Cross Streets: Beach Blvd and Whittier Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local La Habra Agent

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Sale History for 550 Ridgeway Ln

Last sold for $1,350,000 on May 22nd, 2023
  • May, 2023

  • May 22, 2023

    Date

    Sold

    CRMLS: PW23049943

    $1,350,000

    Price

  • Apr 19, 2023

    Date

    Active

    CRMLS: PW23049943

    $1,250,000

    Price

  • February, 2022

  • Feb 2, 2022

    Date

    Leased

    CRMLS: PW22002999

    $2,100

    Price

  • Jan 8, 2022

    Date

    Active

    CRMLS: PW22002999

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Triplex Single story 2 bedroom, 2 bath End unit. Central A/C and Heating. Separate dining room area and also breakfast bar in kitchen. Very quiet and private unit. Living room is spacious and centered around gas fireplace. Inside laundry room. Unit comes with a private yard space. Close to Costco, shopping, schools and restaurants.

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Tax History for 550 Ridgeway Ln

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

550 Ridgeway Ln sold on May 22, 2023 for 42.05% higher than the current median sold price for the city of La Habra which is $880,000. The median sold price per/sqft for La Habra is $563 and this home is sold at $414.87 per/sqft which puts the price per square foot 26.31% lower than the current median sale per square foot for the city of La Habra.

About 550 Ridgeway Ln

Detailed summary of property

550 Ridgeway Ln is a triplex that recently sold in La Habra, CA 90631. This triplex offered 6 bedrooms, 4.5 bathrooms, roughly 3,013 living square feet, and sits on an approximately 11,326 square foot lot. 550 Ridgeway Ln was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,350,000. Home in La Habra are selling for a median price of $880,000 and a median price per square foot of $563. Based on Ardent Real Estate Group's La Habra Market Data, this home is sold 42.05% higher than the current median priced home. Local homes that are currently for sale include 728 W Romneya Dr, 1818 W Glenoaks Ave and 2158 W Brownwood Ave. While the average home in La Habra, CA is selling in 64 days, 550 Ridgeway Ln has a days on market of 9 days. There are currently 81 homes for sale in the La Habra real estate market and 46 of them are single family homes while 25 of them are condos and 10 are townhomes. For more information on this home for sale at 550 Ridgeway Ln La Habra, CA 90631 contact Ardent Real Estate Group and we will put you in touch with one of our La Habra agents.

Public Facts for 550 Ridgeway Ln

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90631 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$895,000
Median List Price/Sq.Ft.
$525
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$551
Total Inventory
105
Median Sale to List Price %
105.56%
Avg Days on Market
14
Loan Type
Conventional (71.43%), FHA (0%), VA (0%), Cash (8.57%), Other (14.29%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.